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Alumilite IPO is a fixed price issue of Rs 11.48 crores.
Alumilite IPO bidding started from June 24, 2019 and ended on June 28, 2019. Alumilite IPO will list on NSE SME with tentative listing date fixed as Monday, July 8, 2019.
Alumilite IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Finshore Management Services Limited is the book running lead manager of the Alumilite IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Alumilite IPO RHP for detailed information.
| IPO Date | June 24, 2019 to June 28, 2019 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,828,000 shares (aggregating up to ₹11.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 192,000 shares |
Alumilite IPO offers 3,828,000 shares. 1,818,000 (47.49%) to NII, 1,818,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 192,000 (5.02%) |
| Other Shares Offered | 1,818,000 (47.49%) |
| Retail Shares Offered | 1,818,000 (47.49%) |
| Total Shares Offered | 3,828,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
Mr. Shivkrishna Harakhchand Damani and Mr. Varun Damani are the promoters of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 64.97% |
Incorporated in 1982, Alumilite Architecturals Limited is an infrastructure facilitator offering engineering, installation, designing and fabrication services for the principal elevation of the buildings. The company work for hospitality industries, educational institutes, shopping complex, multistoried real estate projects, SEZ projects, public utility facilities, entertainment parks, and sports complex for corporate and government projects.
With the changing architectural concept in India, the company is working towards providing low maintenance, light and elegant products to meet the esthetics design and advanced technology requirements.
The contracts of the company are built to order basis to make the products based on specifications and requirements of the customers. It also imports many accessories and raw materials to meet the high standard of products demanded by the clients.
The manufacturing facility of Alumilite Architecturals is located at Bhiwandi, Thane (Mumbai) to offer aluminium virgin, aluminium semi and aluminium manufactured products made of aluminium and aluminium alloys. Apart from this, the company has its own vehicle to carry fabricated materials, transport glass and profiles without damage.
The competitive strength of the company are:
1. Strong customer base
2. Financial flexibility
3. Advanced technology
4. Experienced manpower and management team
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 7,246.79 | 6,543.09 | 6,186.12 | 5,174.76 | |
| Total Revenue | 1,618.27 | 3,052.71 | 3,322.94 | 2,036.76 | |
| Profit After Tax | 258.14 | 282.92 | 122.96 | 54.53 | |
The Objects of the Issue is to raise funds for:
(a) Funding Working Capital Requirement;
(b) Repayment/pre-payment, in full or part, of unsecured loans availed by the Company; and
(c) Funding expenditure for General Corporate Purposes.
[Dilip Davda]
Although the issue appears reasonably priced due to super profits earned in pre-IPO years, its sustainability raises concern. Cases against the company for tax matters valued at Rs. 15.5 cr. may have a severe impact if it goes against it. Considering these, cash surplus risk savvy investors may consider investment for long term at their own risk.
Read detail review...The Alumilite IPO is subscribed 1.08 times on June 28, 2019 5:00:00 PM. The public issue subscribed 0.68 times in the retail category, times in the QIB category, and 1.48 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.48 |
| Retail | 0.68 |
| Total | 1.08 |
The Company has decided to withdraw the application made for SME IPO on NSE Platform. The entire application money will be refunded forthwith.
Alumilite Architecturals Limited
5 th Floor, Dhiraj Chambers,
9 Hazarimal Somani Marg,
Mumbai - 400 001
Phone: +91 22 4092 4444
Email: cs.vaibhav@aa-pl.in
Website: http://www.aa-pl.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Alumilite IPO is a SME IPO of 3,828,000 equity shares of the face value of ₹10 aggregating up to ₹11.48 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on June 24, 2019, and closes on June 28, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Alumilite IPO opens on June 24, 2019 and closes on June 28, 2019.
Alumilite IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in Alumilite IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Alumilite IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Alumilite IPO allotment status.
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